Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    40700 California Oaks Rd Murrieta, CA 92562
    Back to Search
    Property profile & analytics

    40700 California Oaks Rd Murrieta, CA 92562

    View on Map
    • Medical Office Space
    • 19,588 SF
    • 1.37 lot acres
    For Lease
    $7,885,000
    View Listing →
    Office Space Available For Rent For Lease
    $7,885,000
    2,191 SF

    Office Space Available For Rent

    Office space available, offering 2,191 square feet.

    40700 California Oaks Rd, Murrieta, CA 92562
    View Listing
    Property ID
    US09-4380672
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $7,885,000
    Cap Rate Potential
    3.5%
    Medical Office Space
    Location Intelligence

    Current Use by Public Records

    • Marla Vander Kallen / Registered General Nurse
    • Patricia Jones / Counselor
    • Wild at Heart Birth Center / Midwife / Birth Center
    • Sheree Wittman / Foster Care Service / Social Service Agency
    • Ruby P. Arellano, RRW / Physician

    Property Details for 40700 California Oaks Rd

    Year built
    2003
    Construction
    WOOD
    Lot size
    1.37 lot acres
    Property size
    19,588 SF
    Zone code
    CC
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    949-470-036
    APU
    949470036

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $8,295,000
      ML approach
      $7,725,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $9,080,000
      Market price range: $4.21M - $11.4M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $7,850,000
      Current use
      RESTAURANT
      $12,160,000
      Change: +55% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $8,460,000
      Change: +8% Conversion: Difficult
      OFFICE BUILDING
      $6,730,000
      Change: -14% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Murrieta
    County
    Riverside
    State
    California
    Longitude
    -117.203
    Latitude
    33.5702
    CBSA code
    40140
    CBSA name
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $95,670
    $2,281,597
    $5,319,305
    $7,600,902
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,990,000
      11,977 SF

      40680 California Oaks Rd

      MEDICAL BUILDING • 11,977 SF
      40680 California Oaks Rd, Murrieta, CA 92562-5753
      View Details
    • Value Estimation by Request
      3,528 SF

      25182 Hancock Ave

      MEDICAL BUILDING • 3,528 SF
      25182 Hancock Ave, Murrieta, CA 92562-5969
      View Details
    • Value Estimation by Request
      1,500 SF

      25460 Medical Ctr Dr, Unit 7

      MEDICAL BUILDING • 1,500 SF
      25460 Medical Ctr Dr, Murrieta, CA 92562-5966
      View Details
    • Value Estimation
      $2,535,000
      18,430 SF

      Murrieta, CA 92562

      MEDICAL BUILDING • 18,430 SF
      Murrieta, CA 92562
      View Details
    • Value Estimation by Request
      1,678 SF

      25495 Medical Ctr Dr Ste, Unit 200

      MEDICAL BUILDING • 1,678 SF
      25495 Medical Ctr Dr Ste, Murrieta, CA 92562-4903
      View Details
    • Value Estimation by Request
      550 SF

      25460 Medical Ctr Dr Ste, Unit 203

      MEDICAL BUILDING • 550 SF
      25460 Medical Ctr Dr Ste, Murrieta, CA 92562-5985
      View Details

    Similar Nearby for Sale

    • $518,915
      38,994 SF

      Professional Office & Medical Condos

      Class A office and medical condos in Murrieta, California.
      25109 Jefferson Ave, Murrieta, CA 92562
      View Details
    • Contact for pricing
      15,127 SF

      Temecula Medical Office Suites for Lease

      Prime Medical Row location, various suite sizes available.
      25186 Ave, Temecula, CA 92562
      View Details
    • Contact for pricing
      1,890 SF

      Office Condo For Sale

      Office condo featuring an open area, office/storage, kitchenette, and restroom.
      24910 Las Brisas Rd, Murrieta, CA 92562
      View Details
    • $1,995,000
      6,000 SF

      Murrieta Commercial Flex Space

      6000 sqft flex space with office and warehouse components.
      41551 Date St, Murrieta, CA 92562
      View Details
    • $845,000
      1,344 SF

      Murrieta Commercial Land Opportunity

      Prime commercial land in Murrieta's Golden Triangle.
      40611 Vista Murrieta, Murrieta, CA 92562
      View Details
    • Contact for pricing

      Office Space For Sale

      Office property available for sale in Murrieta, California.
      25109 Jefferson Ave, Murrieta, CA 92562
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Nutmeg Plaza Retail/Medical Opportunity

      Prime retail/medical space in Murrieta's Green Ranch community.
      23644 Clinton Keith Rd, Murrieta, CA 92562
      View Details
    • Contact for pricing

      Class B Medical/Office Building

      Premier Murrieta location for healthcare, wellness, and professional offices.
      24640 Jefferson Ave, Murrieta, CA 92562
      View Details
    • Contact for pricing

      Medical Office Space Available

      Class A medical office space for lease or sale.
      25470 Medical Center Dr, Murrieta, CA 92562
      View Details
    • Contact for pricing

      Premier Medical Facility Under Development

      Premium Murrieta medical office space with freeway visibility.
      25130 Hancock Ave, Murrieta, CA 92562
      View Details
    • Contact for pricing

      Murrieta Commercial Space For Rent

      High-exposure commercial space in Murrieta's Jefferson Avenue Business Corridor.
      26047 Jefferson Ave, Murrieta, CA 92562
      View Details
    • Contact for pricing

      Retail/Office Space for Lease

      Retail and office spaces available for lease.
      25115-25175 Madison Ave, Murrieta, CA 92562
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    40700 California Oaks Rd
    Murrieta, CA 92562
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    40700 California Oaks Rd, Murrieta, CA, 92562
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!